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December 18, 2012
05:05 EDTOCZOCZ Technology audit committee investigation substantially complete
OCZ Technology announced that the Audit Committee's investigation, assisted by third party legal and financial advisors, has been substantially completed and a preliminary report has been provided to the Audit Committee. While there continue to be various matters requiring further investigation, the company believes they will be concluded shortly. The Audit Committee has approved this report and, in consultation with management, concluded that the company should restate the results for 1Q13, as well as the results for certain quarters of FY12 and for FY12.
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